Of the following statements, which are true for the corporate form of organization?

A. Directors oversee its business affairs.
B. Stockholders do not have the power to bind the corporation to contracts.
C. It has a continuous life.
D. Transfer of ownership rights among owners generally does not impact equity.
E. Compared to other forms of organization- capital (financing) is more difficult to accumulate.
F. Generally there is no double taxation on corporate income that is distributed to owners.
G. It is not a separate legal entity from its owners.

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a. no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative. b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child. c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative. d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.